SG Americas Securities LLC Cuts Stock Position in Performance Food Group Company $PFGC

SG Americas Securities LLC trimmed its position in Performance Food Group Company (NYSE:PFGC) by 44.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,156 shares of the food distribution company’s stock after selling 5,022 shares during the period. SG Americas Securities LLC’s holdings in Performance Food Group were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake in shares of Performance Food Group by 51.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after acquiring an additional 123 shares during the period. AlphaQuest LLC raised its holdings in Performance Food Group by 658.0% during the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after purchasing an additional 329 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Performance Food Group in the first quarter valued at about $44,000. Golden State Wealth Management LLC lifted its position in Performance Food Group by 148.6% in the second quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock valued at $46,000 after purchasing an additional 312 shares during the period. Finally, SVB Wealth LLC purchased a new stake in Performance Food Group in the 1st quarter valued at approximately $59,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Down 0.4%

Performance Food Group stock opened at $96.23 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.08. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $109.05. The stock’s fifty day moving average is $99.72 and its two-hundred day moving average is $96.32.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The business had revenue of $17.08 billion during the quarter, compared to the consensus estimate of $16.87 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Performance Food Group has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein started coverage on Performance Food Group in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 target price for the company. UBS Group increased their price objective on Performance Food Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Wall Street Zen downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Performance Food Group in a research note on Tuesday, August 26th. Finally, Piper Sandler increased their price target on shares of Performance Food Group from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus target price of $114.60.

Insiders Place Their Bets

In other news, insider Erika T. Davis sold 4,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $430,746.00. Following the completion of the transaction, the insider directly owned 46,541 shares of the company’s stock, valued at $4,889,597.46. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the transaction, the insider owned 47,655 shares of the company’s stock, valued at $5,007,110.85. This represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 15,434 shares of company stock worth $1,621,799. Insiders own 4.50% of the company’s stock.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.